• Privacy Policy
  • Terms
  • About us
  • Contact Us
Friday, June 2, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Food prices continue to rise – NBS

Food

The Matters Press by The Matters Press
November 30, 2022
Reading Time: 3 mins read
0
Nigeria, WFP worry over food situation

The National Bureau of Statistics (NBS), said that prices of selected food items increased in October.
This is according to the NBS Selected Food Prices Watch Report for October, released in Abuja on Wednesday.
The report said that the average price of 1kg onion bulb on a year-on-year basis, increased by 32.56 per cent from N306.07 recorded in Oct. 2021 to N405.72 in Oct. 2022.
“While on a month-on-month basis, 1 kg of onion bulb increased to N405.72 in Oct. 2022 from N397.18 recorded in Sept. 2022, indicating a 2.15 per cent increase,’’ the report said.
The report showed that the average price of 1kg rice (local, sold loose) increased on a year-on-year basis by 17.45 per cent from N415.03 recorded in Oct. 2021 to N487.47 in Oct. 2022.
“On a month-on-month basis, the average price of this item increased by 3.40 per cent in Oct. 2022 from N471.42 recorded in Sept. 2022,’’ the report says.
The NBS said the average price of 1kg of tomato increased on a year-on-year basis by 30.79 per cent from N347.47 recorded in Oct. 2021 to N454.46 in Oct. 2022.
Also, the report showed that on a month-on-month basis, 1 kg of tomato increased by 2.10 per cent from N445.12 in Sept. 2022.
Also, the report showed that the average price of 1kg brown beans (sold loose) increased by 17.95 per cent on a year-on-year basis, from N478.76 recorded in Oct. 2021 to N564.69 in Oct. 2022.
The report showed that the average price of Palm oil (1 bottle) increased by 33.22 per cent from N727.21 recorded in Oct. 2021 to N968.76 in Oct. 2022.
“It also grew by 4.47 per cent on a month-on-month basis from N927.34 recorded in Sept. 2022,’’ the report said.
Also, the average price of Vegetable oil (1 bottle) stood at N1, 106.08 in Oct. 2022, indicating a 33.99 per cent increase from N825.46 recorded in Oct. 2021.
“On a month-on-month basis, it rose by 2.81 per cent from N1, 075.89 in Sept. 2022,’’ the report said.
The report revealed that the average price of 500g sliced bread increased by 36.68 per cent on a year-on-year basis from N382.77 recorded in Oct. 2021 to N523.16 in Oct. 2022.
“On a month-on-month basis, the item increased by 2.23 per cent from N511.74 recorded in Sept. 2022,’’ says the report.
The report showed that at the state level, the highest average price of rice (local, sold loose) was recorded in Rivers at N630.66, while the lowest price was recorded in Jigawa at N381.54.
It said Ebonyi recorded the highest average price of beans (brown, sold loose) at N848.74, while the lowest price was reported in Plateau at N360.03.
“In addition, Abia recorded the highest price of Vegetable oil (1 bottle) at N1, 484.31, while Benue recorded the lowest price at N650.89,’’ the report said.
It said that Cross River recorded the highest average price of 1kg of onion bulb at N980.62 while Benue recorded the lowest price at N180.34.
The report also showed that the highest average price for 1kg of tomato was recorded in Delta at N824.55 while the lowest price was at N166.67 in Taraba.
It said the highest average price of 500g sliced bread was recorded in Abuja at N705.00 while Plateau recorded the lowest price at N310.00.
The report said analysis by zone showed that the average price of 1kg onion bulb was higher in the South-South and South-East at N670.63 and N538.31, respectively, while the lowest price was recorded in the North-East at N212.83.
It said the South-South recorded the highest average price of 1kg rice (local, sold loose) at N545.03, followed by the South-West with N519.53, while the lowest price was recorded in the North-West at N435.06.
Also, the report showed that the South-East recorded the highest average price of Palm oil (1 bottle) at N1, 101.04, followed by the South-West at N1, 096.17, while the North-Central recorded the lowest price at N742.62.

ALSO READ  Rapists face death or castration in Kaduna state

RELATED POSTS

Tanzania to end frequent power blackouts in two years

ECA calls for inclusive tax system to secure SDGs

PANDEF backs fuel subsidy removal

Tags: food
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Blackout hits Nigeria as grid collapses again
Economy/Technology

Tanzania to end frequent power blackouts in two years

June 2, 2023
FIRS deploys tech platform for tax collection
Economy/Technology

ECA calls for inclusive tax system to secure SDGs

June 2, 2023
Nigeria has not taken decision yet on fuel subsidy
Economy/Technology

PANDEF backs fuel subsidy removal

June 2, 2023
Council seeks incentives to boost indigenous ship operations
Economy/Technology

28 cargo ships expected in Lagos ports

June 2, 2023
May & Baker approves N517.57m dividends for 2022
Economy/Technology

May & Baker approves N517.57m dividends for 2022

June 2, 2023
Nigeria’s N17.1trn budget to gets presidential accent on Friday
Economy/Technology

Fuel subsidy not in 2023 budget – NNPC

June 2, 2023
Next Post
“Naira-4-Dollar” getting results

Naira constant, exchanges at 445.30 to dollar

2020 Finance Bill prescribes tax incentives

Nigeria leads African nations on global tax cooperation at UN

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Nigerian firms to handle $4b gas project

Group tasks Nigeria on ailing refineries

February 7, 2022
Buhari flags off $2.5bn Gas Pipeline Project, assures of prompt completion

Buhari leaves Paris to attend African trade fair in Durban

November 13, 2021
Africa’s remittance inflows hit $72b

Firm secures $3.3m funding to drive consumer goods manufacturers

January 9, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tanzania to end frequent power blackouts in two years
  • ECA calls for inclusive tax system to secure SDGs
  • PANDEF backs fuel subsidy removal

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?